Energy Startup Ampyx Power secures further financing
The Hague, 16.06.2010 – The energy technology startup company Ampyx Power has succeeded in obtaining second round financing. The Norwegian energy company Statkraft, Europe’s biggest producer of renewable energy and Byte, a Dutch IT company both have agreed to invest in equal equity shares. This will allow Ampyx Power to continue working well into the year 2011.
Ampyx Power develops a straightforward Airborne Wind Energy system, which successfully utilizes high altitude winds for energy production. The PowerPlane system uses a glider plane to unwind a winch during flight and thereby propel a generator on the ground. The expected costs of this energy production are significantly lower than those of commonly used wind mills and comparable to grey energy production.
Statkraft’s and Byte’s new investment deal completes the financing requested for full automation of electricity production with the company’s current 10kW PowerPlane prototype.
Bas Lansdorp, General Director and co-founder of Ampyx Power comments:”We are very proud and happy to have found two great partners who believe in Ampyx Power. The Statkraft investment in particular is very encouraging and sends a clear market signal concerning the future potential of the PowerPlane system.”
Ampyx Power plans to demonstrate fully automated power production in late 2010. The development of a commercial 1MW PowerPlane is expected to be finalized in 2013.
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Dit project is mede gefinancierd met steun van het Europees Fonds voor Regionale Ontwikkeling van de Europese Commissie www.europarl.eu.int